$BEAM just went vertical, and the first red candle is already showing up at the top.
Up 48.32% today, trading at 0.005074 after tapping a high of 0.005300, ripping straight off a base at 0.003224 in a single clean push. RSI(6) at 80.27, hot, and already starting to roll over from its peak.
Look at the structure. This chart was flat for almost two days, grinding sideways around 0.0035 to 0.0040, then one violent leg took it nearly 65% off the low with barely a pullback along the way. The last candle at the top is red with a long wick, the first sign sellers showed up at 0.0053.
Volume is the real story, 5.12B BEAMX traded in 24h, 21.79M USDT, with the 1h bars running at a record clip all the way up. That's size, not a thin wick.
Zoom out and 90 day is up 250.90%, 180 day up 159.67%, 1 year basically flat at -1.93%, so this move is happening on top of a strong trend, not from nowhere. After a vertical run like this though, the test is whether it holds above the EMA(7) at 0.004768 or gives back more of the leg.
$BEAM
Up 48.32% today, trading at 0.005074 after tapping a high of 0.005300, ripping straight off a base at 0.003224 in a single clean push. RSI(6) at 80.27, hot, and already starting to roll over from its peak.
Look at the structure. This chart was flat for almost two days, grinding sideways around 0.0035 to 0.0040, then one violent leg took it nearly 65% off the low with barely a pullback along the way. The last candle at the top is red with a long wick, the first sign sellers showed up at 0.0053.
Volume is the real story, 5.12B BEAMX traded in 24h, 21.79M USDT, with the 1h bars running at a record clip all the way up. That's size, not a thin wick.
Zoom out and 90 day is up 250.90%, 180 day up 159.67%, 1 year basically flat at -1.93%, so this move is happening on top of a strong trend, not from nowhere. After a vertical run like this though, the test is whether it holds above the EMA(7) at 0.004768 or gives back more of the leg.
$BEAM
